Colorado § 7-58-820 Other considerations of directors

Colorado Statutes

§ 7-58-820 — Other considerations of directors

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act

(1)Unless the articles otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its members, may consider:

(a)The interest of employees, customers, and suppliers of the association;

(b)The interest of the community in which the association operates; and

(c)Other cooperative principles and values that may be applied in the context of the decision.

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(1) Unless the articles
otherwise provide, in considering the best interests of a limited cooperative
association, a director of the association in discharging the duties of director, in
conjunction with considering the long- and short-term interest of the association
and its members, may consider:

(a) The interest of employees, customers, and suppliers of the association;

(b) The interest of the community in which the association operates; and

(c) Other cooperative principles and values that may be applied in the
context of the decision.

Colorado § 7-58-820 (Other considerations of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.